2693 (2693) Fair Value & Analysis

Basic Materials · Market cap HK$301M

2 2693 2693 · HK

PriceHK$3.10

Fair ValueHK$6.83

Upside+120.3%

Quality33/100

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Evidence: High Range HK$5.41 – HK$11.11

Fair value as of: Jul 2, 2026

From 24 valuation models · updated today

Share price −16.2% over the past month.

Price vs Fair Value (7 months)

7‑month range HK$2.77 – HK$7.01 · fair‑value band HK$5.41 – HK$11.11 · the HK$3.10 price screens below the HK$6.83 fair value. As of Jul 2, 2026.

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Analysis

2693 (2693) currently trades at HK$3.10, while our model-based Fair Value estimate is HK$6.83 — implying the stock looks roughly 120.3% undervalued today. We read business quality at 33/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, 2693 generated revenue of HK$274M at a net margin of 13.4%. Revenue declined 6.9% year over year. It earns a return on equity of 6.9%. Net debt stands at HK$60.6M. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$274M

Revenue growth (YoY) -6.9%

Net margin 13.4%

Return on equity 6.9%

Free cash flow HK$18.7M FY2025

P/E ratio 5.2

More key figures

Operating margin 14.7%

EPS (TTM) HK$0.3100

Dividend yield 7.9%

EPS growth (YoY) -51.2%

Net debt HK$60.6M FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 2, 2026. TTM = trailing twelve months.

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

2693 reported revenue of HK$272M in FY2025 versus HK$190M in FY2022, a compound +12.6%/yr. Reported net income was HK$38.8M in FY2025, compounding +16.7%/yr from FY2022.

Revenue +12.6%/yr

FY22 HK$190M

FY23 HK$205M

FY24 HK$267M

FY25 HK$272M

Net income +16.7%/yr

FY22 HK$24.4M

FY23 HK$43.6M

FY24 HK$52.6M

FY25 HK$38.8M

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Similar stocks

6 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Jul 2, 2026).

Stock	Price	Fair Value	vs Fair Value
BHP Group BHP	$82.95	$47.52	-43%
Rio Tinto Group RTNTF	$129.57	$76.59	-41%
RIO RIO	A$179.44	A$99.42	-45%
Grupo México, S.A. GMBXF	$12.66	$9.58	-24%
CMOC Group CMCLY	$148.88	$120.33	-19%
Vale S.A VALEN	260.19 MXN	9.30 MXN	-96%

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Frequently asked questions

Is 2693 (2693) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$6.83 versus a price of HK$3.10 — about +120% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 2693?

Our model-based fair value for 2693 is HK$6.83 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$3.10.

What is the quality score of 2693?

2693 has a Quality Score of 33/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 2693 (2693)?

2693 reported trailing-twelve-month revenue of about HK$274M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 2693?

The net profit margin of 2693 is about 13.4%, meaning it keeps roughly 13.4% of revenue as net income. Based on the latest reported figures.

Does 2693 pay a dividend?

2693 currently shows a dividend yield of about 7.85% relative to its recent price (as of Jul 2, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.